On-demand logistics company Porter has raised Rs 750 crore in its Series E funding round led by Tiger Global Management and Vitruvian Partners, with participation from existing investors — Sequoia Capital India and Lightrock India.
The company will leverage the capital infusion to consolidate its position, focus on acquiring talent, and expand operations to enter the top 35 cities of India by 2023, further strengthening its position as a leader in the logistics market, it said in a statement.
